Price trend

According to the commodity market analysis system of Business Society, the sulfur price trend in East China this week first rose and then fell. On April 21, the sulfur price was 1223.33 yuan/ton, which was 1.66% higher than the sulfur price of 1203.33 yuan/ton at the beginning of the week, and an increase of 13.98% compared to the beginning of the month.

This week’s sulfur market is running smoothly. The maintenance of refineries in Shandong region is concentrated, and the market supply of goods is still low. Enterprise inventory is relatively low, and most refineries have strong quotations. At the same time, downstream procurement is active, and market trading is good. Some enterprises have lowered their quotations due to high price increases in the early stage and downstream resistance. The overall sulfur market is still operating at a relatively high level. As of the 19th, the mainstream price of solid sulfur in refineries in Shandong Province was around 1180-127 yuan/ton; The mainstream price of liquid sulfur is between 1180-1320 yuan/ton.

Downstream market trends in the industrial chain

The downstream sulfuric acid market remained strong and stable, with an average domestic sulfuric acid price of 331.25 yuan/ton on April 21, which remained unchanged from the price of 331.25 yuan/ton on April 15. The domestic sulfuric acid market continues to remain stable, with acid companies adopting a wait-and-see attitude and maintaining active shipments. Downstream demand expectations are weak, and the market trading atmosphere is limited. Under the game of supply and demand, sulfuric acid prices continue to remain stable.

The downstream ammonium phosphate market remained weak and stable. On April 21st, the average market price of 55% powdered ammonium phosphate was 2966.67 yuan/ton, which was unchanged from the price of 2966.67 yuan/ton on April 15th. The maintenance of ammonium phosphate equipment has increased, leading to a reduction in market supply. However, downstream demand is sluggish, and manufacturers have limited new orders and transactions. At the same time, the number of pending orders has decreased, putting pressure on enterprise sales. There is a strong wait-and-see sentiment on the market, and the price of ammonium phosphate is temporarily stable.

Future Market Forecast

Business Society sulfur analysts believe that the sulfur market has a lot of equipment maintenance, tight supply of goods, strong supplier support, stable downstream demand, and active enterprise shipments. Considering that downstream acceptance of high prices may weaken, it is expected that sulfur prices will stabilize slightly in the short term, with an overall strong operation. Specific attention should be paid to downstream follow-up.